Is Media, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Media is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Media has remained a Seller's Market.

Key Takeaway

Media is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Media, PA

How much do homes in Media, PA cost?

Median Sold Price

$600,919

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,317(+4.8%)

Key Takeaway

Homes in Media have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Media was $600,919 in November 2024, up 4.8% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $170K$231K
+35.9%
2 $272.5K$380K
+39.4%
3 $497.5K$522.5K
+5.0%
4 $670K$680K
+1.5%
5+ $999.7K$900K
-10.0%

Summary: Media housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.9%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Cities

Nether Providence Township
+9.8%
Media
+4.8%
Upper Providence Township
+3.2%

Housing Supply in Media, PA

How many homes are available in Media, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9285-7.6%

Summary: The Media real estate market had 85 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 97
-22.2%
3 2923
-20.7%
4 3235
+9.4%
5+ 2117
-19.0%

Summary: The Media housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 19%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2127+28.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Media, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Media in November 2024, up by 28.6% month-over-month. Of the 27 sold homes, 48% were sold under asking, 7% were sold at asking, and 44% were sold over asking.

Days on Market for Media, PA

How long does it take to sell a home in Media, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days24 Days+33.8%

Summary: Homes in Media had an average of 24 days on market in Nov 2024, up by 33.8% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Media are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in Media; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Media, PA

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